Either directly or through a HomeStake Venture Partners investment vehicle, our team has been an investment partner with many HomeGrown businesses in our home market. After almost two decades of work in the Montana business community, this comes with the territory.
Our focus on early identification of strong companies and entrepreneurs -- paired with our focus on long-term value creation and proactive collaboration -- has led to many notable events and transactions for a growing list of our portfolio companies. Below is a sampling of these partnerships. Keep in mind that HomeStake began investing in 2017, while many of these investments are longer term in nature. We provide them here in order to give insight into the types of opportunities with which we find ourselves consistently involved -- and to provide examples of specific ways that we contribute to our partners’ success.
Recent co-investment allowed this Artificial Intelligence brand analysis and automated market intelligence technology company to continue expanding sales distribution of its system into additional product verticals.
Recent investment has provided this IP-driven environmental remediation product company with the opportunity to grow its executive team, direct sales force, and internal cash flow.
HSVP investment has enabled this long-established organic farm to acquire the assets of and create a synergistic merger with another long-term community institution (Rocky Creek Farm).
Perhaps the most successful example of a HomeGrown business to-date, we provided the only external equity needed by this innovative corporate e-learning company that was acquired in mid-2017 by Alchemy Systems.
Designed early prototype of an internal tool (then called “TschotchkeMatic”) that has evolved into the company’s Tactile Marketing Automation® and led to a $25mm investment from Goldman Sachs in early 2018.
Early development of the company’s finance functions, go-to-market strategies, government compliance infrastructure, partnership legal frameworks, and investor relations. Culminated in an oversubscribed Series B funding event of $18mm in early 2018 that included investments by BMW and Toyota, making it the best-funded startup in Montana in decades.
Identified and led strategic realignments needed by this global brand to achieve premium product positioning, to build the company’s first professional sales and marketing teams, to manage inventory to historic levels of efficiency, and to secure much-needed working capital.
Led this high-risk commercial lender’s expansion into new markets -- including Montana and the greater Northwest – resulting in tens of millions of new dollars into HomeGrown-like businesses in these locations.
Professionalized finance function, identified key business metrics, led strategic planning processes, provided support for large equity financing, transitioned functions to permanent staff, and recruited eventual CEO.